A little over two weeks back Pandora Media (NYSE:P) announced that it crossed 125 million registered users, which gave the stock a boost. Overall this year, the company’s stock has gained more than 30% but still stands below its IPO price. Our user estimates for 2011 stood at 123 million, which we’ll update as soon as the company releases its Q4 2011 earnings this month. While 123 million is just 1.6% below the actual 125 million figure, our $9.48 price estimate for Pandora is at about 30% below its market price. We believe that Pandora is still overpriced based on fundamentals even with the current user growth trend. Pandora competes with Clear Channel Radio, Spotify which has expanded via Facebook (FBOOK) and Sirius XM (NASDAQ:SIRI).
Articles for Media
Pandora Crosses 125 Million Registered Users, Stock Still Expensive
Graph ItNEW!Wednesday, February 1st, 2012 by Trefis Team
Netflix Can Hit $180 if its International Subscriber Base Reaches its US Size
Graph ItNEW!Wednesday, February 1st, 2012 by Trefis Team
After a disappointing 2011, Netflix (NASDAQ:NFLX) has had a fantastic start to 2012 with stock up nearly 70%. Half of this gain came after the company recently released its Q4 2011 results. As the company returned to growth in terms of net unique subscribers, it showed that it has recovered from the temporary slump of later half of 2011. The decline in DVD subscribers is being more than compensated by gain in streaming subscribers. The natural question that arises is – how high can Netflix’s stock go now? Below we present an optimistic scenario to understand this potential. Netflix competes with video rental companies such as Dish Network’s (NASDAQ:DISH) Blockbuster, Hulu and Amazon (NASDAQ:DISH) in the U.S. In international markets such as U.K, it competes with BskyB and Lovefilm.
Sirius Gains on Stronger U.S. Auto Sales & Used Car Push
Graph ItNEW!Tuesday, January 31st, 2012 by Trefis Team
With light vehicle sales in the U.S. jumping in January, the satellite radio service provider Sirius XM (NASDAQ:SIRI) may perhaps anticipate another good year. While it’s too early to say, the continued growth in automotive sales in the U.S. could boost the company’s stock in 2012. Sirius XM’s growth is primarily hinged on sales of new vehicles from companies such as GM (NYSE:GM) and Ford (NYSE:F), although the channel of pre-owned vehicles is becoming increasingly important. Light vehicles sales are estimated to have grown by 6% in January 2012 compared to same period a year ago.
Our price estimate for Sirius XM stands at $2.18, implying a premium of about 5% to the current market price.
Netflix Shows Recovery in Streaming Business, Fair Value $133
Graph ItNEW!Friday, January 27th, 2012 by Trefis Team
Netflix (NASDAQ:NFLX) recently released its Q4 and full year 2011 results. As the company returned to growth in terms of net unique subscribers, the stock jumped significantly. We have raised our fair value for Netflix to $133, which now stands at a premium of about 15% to the market price. The earnings highlighted a couple of things – Netflix is back on growth track and DVD subscribers continue to decline substantially. A little confusing? The point is that customers are not leaving Netflix as much as before and a substantial decline is coming from subscribers dropping hybrid service and moving to streaming only. Netflix’s competitive advantage over other video rental companies such as Dish Network’s (NASDAQ:DISH) Blockbuster, Hulu and Amazon (NASDAQ:DISH) still remains.
Netflix’s Plans to Beef up Original Content is an Expensive Bet
Graph ItNEW!Friday, January 27th, 2012 by Trefis Team
Netflix’s (NASDAQ:NFLX) stock jumped as the company’s Q4 2011 results showed net subscriber losses reverting back to net growth. During the result announcement, management shed some light on its broader strategy including plans to as a pure-play subscription and not offering à la cart services, spending less on DVD marketing and continuing to invest more in original programming for its streaming services. The latter part of its strategy is somewhat influenced by Time Warner’s (NYSE:TWX) premium movie channel HBO, which spends about 40% of its budget on original programming. While this will give Netflix a further edge over competitors such as Blockbuster, Hulu and Amazon (NASDAQ:DISH), it may also imply some hardship ahead.
Viacom Earnings Preview: What We Are Watching
Graph ItNEW!Thursday, January 26th, 2012 by Trefis Team
Viacom (NASDAQ:VIA) began the new year by announcing that its filmed entertainment division Paramount Pictures was the 2011 leader in terms of worldwide box office sales. The studio generated global revenue of about $5.2 billion with about 38% coming from the U.S. box office. Traditionally filmed entertainment has been a small portion of Viacom’s value, about 15% according to Trefis estimates, compared to the cable networks on which the company primarily relies. However if Paramount is able to continue capturing market share the movie business could become more important. The company is reporting its Q4 and full year 2011 earnings on February 2nd, at which time we will update our analysis. Viacom competes with other media companies such as Time Warner (NYSE:TWX), Disney (NYSE:DIS) and News Corp. (NASDAQ:NWS).
Our price estimate for Viacom stands at $64, a premium of about 20% to the market price. Read More »
Netflix Earnings Should Confirm Recovery, $126 Fair Value
Graph ItNEW!Thursday, January 19th, 2012 by Trefis Team
Netflix (NASDAQ:NFLX) is going to announce its Q4 and full year 2011 results on Wednesday, January 25. As always, the earnings announcement is eagerly awaited given how the later half of 2011 has fared for Netflix. The stock has done well in the new year, and it will be interesting to see whether the trend continues after the earnings announcement. Netflix reported net subscriber losses in Q3 2011 and, whether that has continued or not in Q4, is going to be a major aspect to watch out for. It will be interesting to see how competitors such as Amazon (NASDAQ:NFLX), Dish Network’s (NASDAQ:DISH) Blockbuster and DVD rental company Redbox have affected Netflix’s Q4 subscriber growth.
Time Warner Updates: Weak DVD Sales Drag on Robust Outlook
Graph ItNEW!Wednesday, January 18th, 2012 by Trefis Team
Time Warner (NYSE:TWX) recently announced that it witnessed a weak Q4 of 2011 in terms of its home entertainment business which primarily consists of DVDs and Blu-Rays. The decline in DVD sales has been a primary culprit for a weak quarter and resulted from the consumer shift to Internet streaming as well as the growth of DVD and streaming rental companies such as Netflix (NASDAQ:NFLX) and Blockbuster, now owned by Dish Network (NASDAQ:DISH). As a result of the observed trends, Time Warner recently took some steps to address the situation.
Home Video Market Data Show That Convenience and Price Are Key to a Winning Strategy
Graph ItNEW!Tuesday, January 17th, 2012 by Trefis Team
While the overall home video market in the U.S. fell in 2011, certain trends emerged that demonstrate that it is not just the form – be it physical or electronic – that matters, but the convenience and price points also play a very critical role in determining how the home video business grows. Nevertheless the fall in DVD sales is a reason to worry for media companies like Time Warner (NYSE:TWX), Viacom (NASDAQ:VIA) and Disney (NYSE:DIS). For this reason, these companies are striking more online content licensing deals. Time Warner has even decided to increase the DVD sell-through window to 56 days, double the earlier period. Let’s take a quick look at 2011 home video market growth and what it means.
Dish Digs in Heels on DVD Rental Window, Shows Confidence in Strategy
Graph ItNEW!Tuesday, January 17th, 2012 by Trefis Team
Dish Network (NASDAQ:DISH) acquired Blockbuster in 2011 when the latter filed for bankruptcy. The idea was to tap into lucrative video rental market, which is currently dominated by Netflix (NASDAQ:NFLX), as well as to enhance its overall service to stop subscriber losses. Q4 2011 results are likely to showcase the extent to which this strategy has been successful. While we don’t have a strong view on subscriber trends given the volatility in Dish’s subscriber performance, we believe that Dish is committed to improving the service for its subscriber that ultimately helps build engagement and attract users. After a series of disputes with content owners over their demand for increase in carriage fee, Dish’s refusal to double the 28-day DVD rental window for Warner Brother’s DVDs is the latest example. Warner Brothers movie studio is owned by media company Time Warner (NYSE:TWX)
Media : All Articles
- Week of 2012-01-29
- 02/01/12 Pandora Crosses 125 Million Registered Users, Stock Still Expensive
- 02/01/12 Netflix Can Hit $180 if its International Subscriber Base Reaches its US Size
- 01/31/12 Sirius Gains on Stronger U.S. Auto Sales & Used Car Push
- Week of 2012-01-22
- 01/27/12 Netflix Shows Recovery in Streaming Business, Fair Value $133
- 01/27/12 Netflix’s Plans to Beef up Original Content is an Expensive Bet
- 01/26/12 Viacom Earnings Preview: What We Are Watching
- Week of 2012-01-15
- 01/19/12 Netflix Earnings Should Confirm Recovery, $126 Fair Value
- 01/18/12 Time Warner Updates: Weak DVD Sales Drag on Robust Outlook
- 01/17/12 Home Video Market Data Show That Convenience and Price Are Key to a Winning Strategy
- 01/17/12 Dish Digs in Heels on DVD Rental Window, Shows Confidence in Strategy
- 01/16/12 Netflix Updates: Stock Gains Momentum Ahead of Earnings
- Week of 2012-01-08
- 01/13/12 Comcast CFO Wants to Improve Film Studio Profitability, Should Focus on Bigger Issues
- 01/11/12 Sirius XM’s Net Subs Growth Shows Strength, Upside Capped at $2.20 for Now
- 01/09/12 News Corp Updates: Moving Past Scandals as Fundamentals Remain Intact
- 01/09/12 Netflix Updates: Strong First Week of 2012 with More to Come
- Week of 2012-01-01
- 01/06/12 Netflix Streaming to 20% of US Households an Hour a Day
- 01/05/12 Pandora’s 2011: The Hype, Then Fall Since The IPO
- 01/05/12 Netflix Overview: Sizing Up Our $125 Estimate After a Tough Year
- 01/04/12 Netflix 2011 Review: Missteps Overshadow $126 Value & Growth Opportunity
- 01/03/12 ESPN’s NCAA Hoops Broadcasting Rights Chip in for Disney’s $46 Stock Value
- Week of 2011-12-25
- 12/28/11 Netflix’s Customer Satisfaction Drops, No Surprise But There’s a Silver Lining
- 12/28/11 December Auto Sales Up, Good News For Sirius XM?
- 12/27/11 ESPN’s Monday Night Football Ratings Drop, Should Disney Be Worried?
- 12/26/11 Netflix Updates: U.K. Expansion Will Bring Challenges, $125 Fair Value
- 12/26/11 CNN’s Digital Acquisitions Don’t Move the Needle for Time Warner Stock
- Week of 2011-12-18
- 12/22/11 NFL’s Haggling Could Handicap CBS’s $33.50 Value
- 12/20/11 Netflix Updates: Rolls on with Content Deals, Market Ignores Verzion Takeout Noise
- 12/19/11 Pandora’s Downside Scenarios to $9.50 Stock Value
- 12/19/11 Verizon Would Have a Tough Time Acquiring Netflix
- 12/19/11 Netflix’s Revised $126 Estimate, U.S. Streaming is 60% of Value
- Week of 2011-12-11
- 12/15/11 Viacom Updates: Company Worth $64 on Ad Sales Outlook
- 12/12/11 CBS Updates: Top Ratings Lift Stock, NFL Fees Manageable
- 12/12/11 Netflix Confident in Recovery but HBO Could Spoil the Party
- 12/12/11 Rising Sports Programming Costs Hits the Customer’s Pocket Book
- Week of 2011-12-04
- 12/08/11 Pandora Updates: Competitive & Profitability Concerns Remain
- 12/07/11 Disney Updates: Increases Dividend, Youtube Gets Movies
- 12/05/11 Netflix Updates: Analysts Too Negative on Stock, U.K. Competitors Ready to Spar
- Week of 2011-11-27
- 12/01/11 Sirius XM Updates: Market Watches Car Sales Closely as Stock Gains
- 11/30/11 Time Warner Updates: Embraces Connected Devices, New Content Deals Support $39 Value
- 11/28/11 Investors Pound Netflix’s Stock in Frustration, Valuation Now Heavily Undervalued
- Week of 2011-11-20
- 11/25/11 Viacom Updates: Paramount Rolls On, Expands Stock Buybacks & Switching Exchanges
- 11/23/11 Pandora Falls Short of Lofty Market Expectations, Revised to $9.50
- 11/23/11 Can Pandora & Spotify Co-Exist?
- 11/22/11 News Corp Updates: High Profile Funds Bet on a Recovery
- 11/21/11 CBS Updates: Solid Earnings, Hit Shows and S&P Upgrade Support $33.50 Stock
- Week of 2011-11-13
- 11/18/11 Sirius Heads to $2.11: Catches a Lift from Auto Sales & Broker Upgrades
- 11/18/11 HBO Go App Can Boost TWC’s Revenues, Netflix to See More Competition
- 11/17/11 Disney’s Growth in Cable & Online Supports $46 Value
- 11/16/11 Netflix on the Road to Recovery with New Deals
- Week of 2011-11-06
- Week of 2011-10-30
- 11/03/11 Sirius XM’s Stock Price Implies that Subscriber Growth Dies, Should be $2.11
- 11/02/11 Sirius XM Outlook is Solid Despite Light Subscriber Growth
- 10/31/11 How to Justify Pandora’s Stock Price
- Week of 2011-10-23
- 10/28/11 Sirius XM Earnings Preview: What We’re Watching
- 10/28/11 At $80 Netflix is Priced for Disaster, Revised Estimate is $142
- 10/26/11 Netflix Revised to $142: U.S. Will Stabilize & Int’l Growth is Undervalued
- 10/25/11 Netflix Drop in Subscribers, Recovery Proving Difficult
- Week of 2011-10-16
- 10/21/11 Netflix Earnings Preview: What We’re Watching Monday
- 10/19/11 Sirius XM Weekly Notes: New 2.0 Version Supports Growth
- 10/17/11 Netflix’s Stock Continues Recovery post-Qwikster with Content Deals
- 10/17/11 Disney Poised for $46: Hangs on to Hulu Stake, Preps for Iger Succession
- Week of 2011-10-09
- Week of 2011-10-02
- 10/07/11 Sirius Extends Partnerships with Nissan and Infinity, Reiterate $2.18
- 10/07/11 Macro Concerns, Competition Weigh on Pandora This Week
- 10/06/11 First Kill All of the Video Distributors…Paramount Runs An Experiment
- 10/04/11 Netflix Adds Lilyhammer to Exclusive TV Show Line Up
- 10/04/11 US TV Ad Spend Growth Helps Send Comcast to $27.50
- Week of 2011-09-25
- 09/29/11 As Stock Dives, Netflix Subscriber Churn Stabilizing: Bank Survey
- 09/29/11 Netflix Still the Default for Streaming Amid Influx of New Options
- 09/28/11 Given Netflix’s Upside, Buyout Talk is Nonsense
- 09/27/11 Comcast Should Take a Second Look at Xbox Collaboration
- 09/27/11 Disney Bets $400 Million that Avatar Attractions Will Bring in Crowds
- 09/26/11 Netflix’s Volatility Indicates the Rising Fear of Slowing Growth
- 09/26/11 Solid September Car Sales Support Sirius’ Outlook
- Week of 2011-09-18
- 09/21/11 Netflix’s Slump is Overdone Despite Tone Deaf CEO
- 09/20/11 CBS Gains from Growth in Streaming & Retransmission Deals
- 09/19/11 The Lion King Roars, Highlights Disney’s Upside from 3D Movies
- 09/19/11 Hastings Apologizes, Announces DVD & Streaming Split for Netflix
- Week of 2011-09-11
- 09/16/11 Netflix Estimate Revised to $195 on New Guidance
- 09/15/11 Sirius XM Price Hikes Could Add 10% Upside to Stock
- 09/14/11 NBCUniversal Makes Episodes Available via iPad as Broadcasters Split on Web Policies
- 09/14/11 Time Warner Should Expand its Licensing Business Given Trove of Content
- 09/13/11 Sirius XM 2.0 Around the Corner Though Unlikely to Drive Stock
- 09/13/11 Pandora Suffers Blow to Outlook from Clear Channel’s Customized Stations
- 09/13/11 Forget Theme Parks, Disney’s a Buy Because of ESPN and its Cable Channels
- Week of 2011-09-04
- 09/07/11 Is Netflix to Blame for the Drop in US Pay-TV Subscriptions?
- 09/06/11 Netflix & Starz’s Breakup Highlights the Rising Costs of Netflix’s Growth
- Week of 2011-08-28
- 09/02/11 CNN Buys Zite in Hopes to get iPad Experience Right
- 09/01/11 Sirius XM Attracts New Subscribers with Free Trials
- 08/29/11 Sirius XM’s Improving ARPU Brightens Outlook
- 08/29/11 Impressive Growth for Pandora but Content Costs are a Concern
- Week of 2011-08-21
- 08/26/11 Time Warner’s Publishing Ad Sales Slow, But CEO Remains Positive
- 08/24/11 Disney Theme Parks: Lots of Pain, Modest Shareholder Gain
- 08/23/11 Pandora Earnings Preview: What We’re Watching
- 08/22/11 Amazon-NBCUniversal Deal is a Drop in the Bucket for Comcast
- Week of 2011-08-14
- 08/19/11 How Much are Amazon’s Streaming Efforts a Threat for Netflix?
- 08/16/11 Netflix as a Defensive Play if the Economy Slows
- Week of 2011-08-07
- 08/11/11 Netflix’s Content Costs are Streaming Higher
- 08/09/11 Showtime, Cable Networks a Key Driver to CBS Upside
- 08/08/11 CBS Streaming Deals Help Stock Tune in $33
- Week of 2011-07-31
- 08/05/11 Economy’s Weak Sauce is No Sweat for Sirius
- 08/04/11 How Pandora’s Stock Takes Off
- 08/01/11 Margin Squeeze Limits Amazon’s Upside
- Week of 2011-07-24
- 07/29/11 Sirius XM Earnings Preview: What We Are Watching
- 07/28/11 NYT Can Wobble to $9 on Digital Growth as About.com Suffers
- 07/27/11 Netflix Worth $220 on Revised Estimates for Streaming & International Growth
- 07/26/11 Filmed Entertainment Trends for Time Warner, Disney, News Corp and Comcast
- 07/26/11 NBCUniversal Chips in 20% of Comcast’s Stock Value
- 07/25/11 Amazon Earnings Preview: New Initiatives in Focus
- Week of 2011-07-17
- 07/22/11 Netflix Earnings: Subscriber Growth & Streaming Outlook in Focus
- 07/20/11 Parks & Resorts Outlook Improving for Disney & NBCUniversal
- 07/18/11 Spotify Throws a Wrench in Pandora’s Growth Plans
- 07/18/11 NYT Q2 Earnings Preview: What We’re Watching
- Week of 2011-07-10
- 07/16/11 Hulu with New Owners Could Spoil the Netflix Party
- 07/14/11 CBS Gains as TV Ad Dollars Rise
- 07/14/11 3 Reasons Netflix’s Stock Needs a Breather
- 07/13/11 Netflix Bets on Customer Loyalty as Higher Costs Force Price Hike
- 07/12/11 Nickelodeon Tops Ratings, Supporting Viacom’s $60 Value
- 07/11/11 Paramount Announces New Animation Unit Though Small Impact to Viacom
- Week of 2011-07-03
- 07/08/11 Telecom, Media & Semi Notes – (VZ, NFLX, CSCO, AMD, DIS, VIA, NWS)
- 07/08/11 CBS Upside & Downside Scenarios to $27.50 Valuation
- 07/07/11 Pandora’s Enemy at the Gates: Spotify Comes to the U.S.
- 07/06/11 Netflix Sambas into Latin America Lifting Shares
- Week of 2011-06-26
- 07/01/11 Does the Facebook & Spotify Partnership Threaten Pandora?
- 06/29/11 How to Justify Pandora’s Valuation at $17
- Week of 2011-06-19
- 06/20/11 3 Key Trends for Pandora
- Week of 2011-06-12
- 06/17/11 Upside & Downside Scenarios for Pandora
- 06/17/11 Report on Cord Cutting Unfairly Points Finger at Netflix
- 06/16/11 Pandora Not Yet a Sirius Threat
- 06/15/11 Trefis Valuation of Pandora at $1.8 Billion
- Week of 2011-06-05
- 06/10/11 Is Sirius XM’s Latest Pullback Justified?
- 06/09/11 A Look at CBS’ Digital Properties
- 06/08/11 CBS-Owned TV Stations and CBS Radio Drive 28% of the Company’s Stock Value
- Week of 2011-05-29
- 06/02/11 How Much Does Hyundai Partnership Add to Sirius XM Stock?
- 06/02/11 Maintaining Subscriber Growth Will Be A Challenge for Netflix
- Week of 2011-05-22
- 05/27/11 The 4 Top Value Drivers for Disney
- 05/24/11 The Top 4 Sources of Value for News Corp
- 05/24/11 Dish Aiming for New Subscribers with Blockbuster Promotion
- 05/24/11 Why it Makes Sense for Amazon to Make a Tablet
- 05/23/11 The 4 Most Valuable Channels for Viacom
- 05/23/11 The 4 Sources of Value for CBS Stock
- Week of 2011-05-15
- 05/19/11 Netflix Subscriber Growth Needs to Skyrocket to Justify Stock Price
- 05/18/11 CBS TV Licensing Revenues Could Gain Steam
- 05/18/11 Netflix’s Android App Steals Some of Google’s Thunder
- 05/17/11 Bump Up in CBS’ Digital Publishing Revs, but Little Stock Upside
- 05/17/11 Google Adds Spark to Telcos
- 05/17/11 Time Warner Bolsters HBO’s Value with HBO Go App
- Week of 2011-05-08
- 05/13/11 CBS Network Sees Strong Results
- 05/12/11 Should Netflix Worry About YouTube?
- 05/11/11 Netflix Riding a Positive Feedback Loop
- 05/09/11 Netflix May Go to Latin America Next, Our Take
- Week of 2011-05-01
- Week of 2011-04-24
- Week of 2011-04-17
- 04/22/11 Akamai Fighting to Keep its Edge
- 04/19/11 Netflix Earnings Preview: Subscribers & Content Acquisition Costs in Focus
- Week of 2011-04-10
- 04/14/11 Investors Shouldn’t Get Too Excited Over New Discounted Kindle
- 04/12/11 Cord Cutting Continues, But Be Cautious On Netflix Upside
- Week of 2011-04-03
- 04/07/11 Sirius Antitrust Suit Could Lead to Sharp Downside
- 04/07/11 Viacom Pulls Channels from iPad App Raising Stakes in the Streaming Standoff
- Week of 2011-03-27
- 03/31/11 What Harry Potter and the Deathly Hollows Part 2 Means to Time Warner
- 03/29/11 3 Most Important Drivers to Sirius XM Radio
- 03/29/11 Why CBS Pulled Content from Netflix
- Week of 2011-03-20
- 03/25/11 House Of Cards Signals New Motivations for Netflix
- 03/22/11 A Bright Outlook for Akamai’s Revenue per Media Customer
- Week of 2011-03-13
- 03/18/11 Shift to Digital Content: A Right Move by News Corp
- 03/17/11 Facebook Stepping on Netflix’s Toes With Streaming Movies
- 03/16/11 Tokyo Disneyland Suspends Operations, Could Weigh on Shares
- 03/16/11 Little Impact to CBS From Pulling Two and a Half Men
- 03/15/11 News Corp Saying Good Riddance to Myspace
- 03/14/11 Improving Ad Market Lifts All Boats Including DirecTV’s
- Week of 2011-03-06
- 03/11/11 Are Netflix’s International Ambitions Justified & Achievable?
- 03/10/11 HBO Needs to Restrategize as Competition for Movie Distribution Intensifies
- 03/09/11 Nickelodeon Monkeying Around with Online Games, Stock Upside is Limited
- 03/07/11 TV Channels Drive 79% of Viacom’s Stock Value
- 03/07/11 CBS Acquires Clicker to Expand Digital Business and Tap Internet TV’s Growth
- Week of 2011-02-27
- 03/04/11 News Corp Launches Digital Magazine, but Stock Still Depends on “Old Media”
- 03/01/11 Is Letterman Worth More to CBS than the CW Network?
- 02/28/11 Viacom’s Deal with Hulu Makes Sense
- Week of 2011-02-20
- Week of 2011-02-13
- 02/18/11 Strong Viewership Can Give MTV Leverage to Grow Ad Pricing
- 02/16/11 ESPN Leads the Charge for Disney’s Media Network Profit Growth
- 02/15/11 Time Warner’s Digital Magazine Moves Provide Little Stock Upside
- 02/14/11 What is the Potential Upside if Wal-Mart Gains Ground on iTunes?
- Week of 2011-02-06
- 02/10/11 Viacom in Great Position to Benefit from Improving Cable Ad Market
- 02/08/11 News Corp Broadcasting Margins Improve, Supporting $23 Stock Value
- 02/07/11 Comcast-NBC Deal Could Weigh on News Corp’s Cable Programming Profit Margin
- Week of 2011-01-30
- 02/04/11 Time Warner Will Revisit DVD Deals with Netflix and Redbox
- 02/02/11 Will Comcast be Able to Increase Pay TV Market Share?
- 02/02/11 The “Situation” for Viacom’s Stock From Jersey Shore’s Success
- Week of 2011-01-23
- 01/27/11 Are Social Networks Stepping on Media Conglomerates’ Turf?
- 01/25/11 Impact of Avatar Sequels on News Corp Stock
- 01/25/11 DirecTV Can Fight Online Streaming Platforms Through Product Differentiation
- 01/24/11 CBS Radio Chipping in Nearly 30% of CBS Stock Value
- Week of 2011-01-16
- 01/21/11 Verizon Weighs in on Comcast Net Neutrality Dispute
- 01/21/11 Outlook for Netflix After Elimination of DVD Queue from Streaming Devices
- 01/20/11 Internet Traffic at NYTimes.com Could Accelerate
- 01/18/11 Disney Could Spark Recovery in Box Office Market Share with Pirates of the Caribbean Releases
- 01/18/11 Could Comcast-NBC End Up Like Time Warner?
- 01/16/11 Trefis Picks of the Week for Telecom, Media & Technology
- Week of 2011-01-09
- 01/14/11 Comcast-NBC Deal, What is Comcast’s End Game?
- 01/12/11 Viacom’s Home Entertainment Struggles May Be Temporary
- 01/11/11 $1 Billion MySpace Valuation Highlights Facebook’s Dominance, But News Corp Stock Still Cheap
- Week of 2011-01-02
- 01/06/11 Impact on CBS if Pandora Becomes the Biggest Threat to Radio
- 01/05/11 TV Everywhere – Time Warner Cable’s Solution to Cord Cutting?
- 01/02/11 Dissecting Disney’s Spend by Product Line
- Week of 2010-12-26
- 12/31/10 News Corp’s BSkyB Deal to Grow Satellite Operations, Small Impact on Stock
- 12/30/10 NFL Fuels Disney’s ESPN Engine
- 12/28/10 Google TV Could Threaten Key Revenue Streams for Broadcast Networks
- 12/28/10 Netflix Stock is a Risky Bet with Market Saturation on the Horizon
- 12/28/10 Trefis – The Week in Review – Tech/Media/Telecom; December 28
- Week of 2010-12-19
- 12/23/10 WSJ Holds its Ground, Positions News Corp for Growth
- 12/20/10 Cable and Broadcast Networks Looking More Alike
- Week of 2010-12-12
- 12/17/10 Netflix Seeing Shift Towards Fewer DVD Shipments
- 12/15/10 Upside to CBS from Viewership Strength
- 12/14/10 How Much Can Disney Gain from Netflix Deal?
- Week of 2010-12-05
- Week of 2010-11-28
- 12/03/10 Could Netflix Average Subscription Fees Rise?
- 12/02/10 Can the Kinect Move Microsoft’s Stock?
- Week of 2010-11-21
- Week of 2010-11-14
- 11/19/10 Time Warner Cable’s ARPU Rising on Broadband
- 11/19/10 DirecTV’s Subscriber Gains Continue
- 11/16/10 Netflix’s Outlook on Subscriber Growth and Spending
- Week of 2010-10-24
- Week of 2010-10-17
- Week of 2010-09-26
- Week of 2010-09-19
- 09/21/10 Disney Parks Generate Big Revenue, Bigger Expenses
- 09/21/10 Growth Expected in Netflix Video Streaming Service
- Week of 2010-09-12
- 09/16/10 YouTube’s Pay-Per-View Service Won’t Move Google’s Stock
- 09/16/10 Will Netflix Feel the Squeeze From Higher Streaming Costs?
- Week of 2010-09-05
- 09/10/10 What if Dish Loses to TiVo in Patent Dispute?
- 09/09/10 So Far, Netflix is the Video Service to Beat
- 09/08/10 Lower DVD Prices and Sales Have Little Impact on Disney’s Stock
- Week of 2010-08-29
- 08/31/10 Is Apple Entering the Streaming Video Market?
- 08/30/10 Can Redbox Challenge Netflix Online?
- Week of 2010-08-22
- 08/26/10 Netflix Canada Could Lift Stock by 10%
- 08/25/10 Latin America Could Lift DirecTV Stock by 13%
- 08/23/10 Disney Needs 30% Annual Revenue Growth from Playdom
- Week of 2010-08-15
- 08/20/10 Netflix Subscriber Growth Could Lift Stock by 20%
- 08/20/10 Streaming Video Promises 15% Upside for Netflix Stock
- 08/19/10 Film Business Could Lift News Corp Stock by 5%
- 08/18/10 Lower Viacom Share of DVDs Sold in US
- Week of 2010-08-08
- 08/12/10 How Park & Resort Traffic Impacts Disney’s Stock
- 08/11/10 Subscriber Losses Could Hurt Dish Network’s Stock
- Week of 2010-08-01
- 08/06/10 iPhone, iPad Apps Boost NYT’s Mobile Traffic
- 08/06/10 Time Warner Benefits From Rising Cable Ad Prices
- 08/03/10 4% Netflix Downside from Proposed USPS Rate Hikes
- Week of 2010-07-18
- 07/23/10 Slow DVD Growth Frees Cash for Netflix
- 07/23/10 Dish Network Must Open Its Wallet To Catch DirecTV
- Week of 2010-07-11
- 07/15/10 Higher Carriage Fees Unlikely to Hurt Dish Network
- 07/13/10 Positive Margin Outlook for CBS after Steep Declines
- 07/12/10 Hulu Plus Not an Immediate Threat to Netflix
- 07/12/10 Facebook Search Could Mean 5% Downside for Google
- Week of 2010-07-04
- 07/06/10 Higher Subscription Fees Equal 15% Upside for Netflix Stock
- 07/05/10 Netflix Fights Comcast for Video Rental Supremacy
- Week of 2010-06-20
- Week of 2010-05-30
- Week of 2010-04-18
- Week of 2010-04-11
- 04/16/10 Rising Demand for VoIP Can Boost Comcast’s Stock by 3%
- 04/16/10 People Magazine Worth 5% of Time Warner’s Stock, 2x More than TIME Magazine
- 04/15/10 CBS Could See 8% Stock Upside If Radio Ad Market Improves in 2010
- 04/14/10 Time Warner’s Stock Depends on Modest Subscriber Fee Growth for TNT Channel
- Week of 2010-04-04
- 04/09/10 Wall Street Journal is About 5% of News Corp’s Stock
- 04/09/10 More Connected Devices Like the iPad Can Benefit Netflix’s Stock in the Long-Run
- 04/07/10 More HD Channels Could Benefit Dish Network’s Stock
- 04/05/10 The Disney Channel is Nearly 7% of Disney’s Stock
- Week of 2010-03-28
- Week of 2010-03-21
- 03/26/10 MTV is 9% of Viacom’s Stock; Subscriber Fee Growth Important for MTV
- 03/26/10 DVD Purchase Limits By Walmart and Target Can Benefit Netflix’s Stock
- 03/24/10 Netflix’s Stock Can Benefit as Movie Studios Favor Video-on-Demand
- 03/22/10 Akamai’s Netflix Deal Signals the Company’s New Competitiveness
- Week of 2010-03-14
- 03/19/10 Is the Latin America Business Significant for DirecTV’s Stock?
- 03/19/10 Rising CNN Viewership Helps Time Warner’s Stock
- 03/18/10 How Much Could Disney Get by Selling ABC Network?
- 03/15/10 MySpace is Losing Talent and Growth is Slowing. How Much Should News Corp Care?
- 03/15/10 Wal-Mart’s Vudu Acquisition Will Not Impact NFLX
- Week of 2010-03-07
- 03/11/10 Fewer Comcast On-Demand Views Will be Paid For
- 03/10/10 How Much of News Corp’s Stock is MySpace?
- 03/10/10 Featured Forecast: Dish Network’s DVR penetration to reach 75% by 2016
- Week of 2010-02-28
- 03/05/10 Shifting Consumer Preference from Buying to Renting DVDs Can Benefit Netflix’s Stock
- 03/04/10 Disney Characters Drive $8 billion Disney Consumer Merchandise Business
- 03/03/10 Apple’s iPad can help New York Times’ online ad business and boost NYT stock
- 03/01/10 Increased political ad spend benefits CBS; upside to stock is small
- Week of 2010-02-21
- 02/26/10 Featured Forecast: Netflix Subscribers to Double by 2016
- 02/25/10 Rising Subscriber Fees Expected for News Corp’s Fox Sports
- 02/23/10 Comcast’s On-Demand Video Service Worth More than 30x Blockbuster
- Week of 2010-02-14
- 02/20/10 HD-DVR Expected to Drive Increases in DirecTV’s Revenue
- 02/19/10 Expansion of Disney’s Parks & Resorts Will Attract More Guests and Drive Revenue
- 02/18/10 Featured Forecast: $55+ DirecTV Satellite Subscriber Fees
- 02/17/10 Featured Forecast: CBS TV Network Ad Pricing Declines Expected
- Week of 2010-02-07
- 02/11/10 Avatar Has Minimal Impact on News Corp Stock
- 02/08/10 Broadband Market Share Critical for Time Warner Cable
- Week of 2010-01-31
- 02/04/10 AT&T (T) will win more TV subscribers from Comcast (CMCSA), Time Warner Cable (TWC)
- 02/02/10 Disney May Raise Costs for Netflix
- 01/31/10 Netflix: Declining revenue per subscriber and increasing DVD shipment costs
- Week of 2010-01-24
- 01/28/10 Disney: Reasons for Excitement
- 01/25/10 Google’s YouTube Rental Service Will Improve Monetization
- Week of 2010-01-17
- 01/18/10 Showtime Networks is crucial for CBS
- Week of 2010-01-10
- 01/14/10 Netflix and Warner Brothers’ Win-Win Deal
- 01/12/10 The business of broadcast TV is being transformed
- Week of 2010-01-03
- Week of 2009-12-27
- Week of 2009-12-20
- 12/24/09 Nickelodeon or MTV – which TV Channel is worth more to Viacom?
- 12/23/09 Apple TV’s impact on Comcast and Netflix (Part 2 of 2)
- 12/22/09 Recent moves that could make Apple TV important (Part 1 of 2)
- Week of 2009-12-06
- 12/11/09 Forbes tries out Trefis to create forecasts for Intel and Disney
- 12/08/09 CBS and how the TV advertising business works
- Week of 2009-11-29
- 12/01/09 Is Netflix’s CEO Reed Hastings wooing Comcast? (Part 2 of 2)
- 11/30/09 Is Netflix’s CEO Reed Hastings wooing Comcast?
- Week of 2009-11-22
- Week of 2009-11-15
- Week of 2009-10-25
- Week of 2009-10-11
- 10/12/09 Netflix CEO confirms shift from DVD to streaming video; stock could be at $70 (+50% upside)
- Week of 2009-09-27
- Week of 2009-09-20
- 09/22/09 Does the Box Office matter?
- Week of 2009-09-06
- Week of 2009-08-23
- 08/29/09 (New Coverage) New York Times: Online Ads are about 31% of NYT’s stock price, much more valuable than its traditional circulation sales business
- 08/28/09 Will Blu-ray save Viacom’s DVD business or will the internet and on-demand video kill the DVD sooner than expected?
- Week of 2009-08-16
- 08/19/09 Disney parks and resorts business makes Disney’s stock more resilient than other media stocks
- Week of 2009-08-09
- Week of 2009-08-02
- Week of 2009-07-26
- Week of 2009-07-19